* Secular Trend for the 20-Year Yield * Lower Down Curve Yields Are Already in a Secular Bull * Short-Term Oscillators Ready for Some Upside Action? The coronavirus has triggered concerns about the recovery, which in turn has resulted in a sharp setback for yields. Falling yields are bullish for housing starts, which,... READ MORE
Back in December, I wrote an articlepointing out that the business cycle was nothing more than a set series of chronological sequences. The importance of this observation, for investors, is that the primary trend peaks and troughs of bonds, stocks and commodities fit nicely into that chronology, as shown in... READ MORE
* Where Are We in the Cycle? * The Economy is Currently on the Side of the Bulls * The Technical Position of the DB Commodity ETF is Precarious Where Are We in the Cycle? Back in December, I wrote an articlepointing out that the business cycle was nothing more than a set... READ MORE
* Why the Correction Will Likely be Contained * More Corrective Action Likely * One Indicator Flashes a Buy Signal * Conclusion Why the Correction Will Likely be Contained A couple of weeks ago, I wrote that a correction was inevitable, and presented a couple of indicators to suggest that it might be close.... READ MORE
The stock market was roughed up by the coronavirus earlier in the week, but, under the surface, another battle has been going on -- the one between inflation and deflation, that is, as both yields and commodity prices have run up against key support levels. That's a dispute... READ MORE
* Bond Yields are Just Above Support * Commodities are at Support The stock market was roughed up by the coronavirus earlier in the week, but, under the surface, another battle has been going on -- the one between inflation and deflation, that is, as both yields and commodity prices have run... READ MORE
One of the basic laws of technical analysis, which I have learned the hard way, is to be very careful about calling counter-cyclical short-term moves. The primary trend dominates everything. For example, if you are in a bear market and you see a short-term oversold condition, do not assume that... READ MORE
The Dollar Index has been rising in the last few sessions following its December decline, which has put it at a crucial technical juncture. Whichever way it breaks will have implications for commodities, gold and the relative performance of international equities to the US. A rising currency would have negative... READ MORE
The Dollar Index has been rising in the last few sessions following its December decline, which has put it at a crucial technical juncture. Whichever way it breaks will have implications for commodities, gold and the relative performance of international equities to the US. A rising currency would have negative... READ MORE
Thursday's price action in China resulted in a powerful signal that Chinese equities are headed significantly higher. That should be bullish not only for China but for the world as a whole. In making that statement, I am assuming that that this market is in the process of... READ MORE
The monthly Market Roundup videofor January is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Groupof Walnut Creek or its affiliates.... READ MORE
* Major Breakouts Coming Out of China * Four Chinese ETFs Major Breakouts Coming Out of China Thursday's price action in China resulted in a powerful signal that Chinese equities are headed significantly higher. That should be bullish not only for China but for the world as a whole. In... READ MORE
Right now, stocks are very overextended and likely due for a correction. In Chart 1, for instance, you can see that my Global Diffusion indicator has just triggered a sell signal from an extreme level. The solid red arrows show that the MSCI World Stock ETF (ACWI) has usually responded... READ MORE
* Confidence is Breaking Out All Over * Alternative Risk Relationships are Starting to Get Riskier Right now, stocks are very overextended and likely due for a correction. In Chart 1, for instance, you can see that my Global Diffusion indicator has just triggered a sell signal from an extreme level. The... READ MORE
In my Monthly Market Rounduplast week, I repeated a talk that I recently gave at the CMT Summit in Mumbai. The talk in question began with an outline of the approach we take at Pring Turner for our sub-advisory services and in the Intermarket Review, my monthly publication that analyses... READ MORE
* The Markets and the Business Cycle * Using Other Markets to Forecast Commodities The Markets and the Business Cycle In my Monthly Market Roundup last week, I repeated a talk that I recently gave at the CMT Summit in Mumbai. The talk in question began with an outline of the approach... READ MORE
The monthly Market Roundup videofor December is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Groupof Walnut Creek or its affiliates.... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Thursday, November 28th at 4:08pm ET. Chart 3 shows a long-term indicator that just went bullish for the market. It also points us in the direction of one of the sectors referred... READ MORE
* The Game Has Just Begun * Three Interesting Sectors * Watch the DB Agriculture Fund The Game Has Just Begun It is fairly evident by now that the equity market has broken to the upside big time. Chart 1 sets the scene by demonstrating that first the Coppock Indicator and later the... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Thursday, November 7th at 1:28pm ET. Back in mid-September, I wrote an article on US equitiesthat pointed out how several short-term indicators had reached extreme overbought levels, a sign of strong underlying... READ MORE
* Two Meaningful Breakouts * One Chart Still to Break Out Back in mid-September, I wrote an article on US equitiesthat pointed out how several short-term indicators had reached extreme overbought levels, a sign of strong underlying momentum that historically had been followed by higher prices. However, since overbought conditions are typically... READ MORE
The monthly Market Roundup video for November is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Friday, November 1st at 1:36pm ET. At Pring Turner Capital, the registered investment advisory firm where I serve as investment strategist, our investment approachinvolves the proactive rotation of client's assets... READ MORE
* Commodities are in a Bear Market * The Stock Market May Be on the Verge of Signaling a Commodity Rally * Short-Term Commodity Momentum At Pring Turner Capital, the registered investment advisory firm where I serve as investment strategist, our investment approachinvolves the proactive rotation of client's assets around the... READ MORE
* The Dow Jones and MSCI World Stock Indexes/ETF Poised to Move Higher * Rest of the World Emerging * Europe, Japan and Emerging Markets Looking Positive The Dow Jones and MSCI World Stock Indexes/ETF Poised to Move Higher US indexes have rallied sharply in the last week, but so have... READ MORE
* Pound is in a Long-Term Secular Bear Market * Crossing of the 200-Day Starts the Ball Rolling for a Primary Bull Market * Pound Set to Break Against the Euro Pound is in a Long-Term Secular Bear Market Chart 1 shows that the British Pound has been in a secular bear market... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, October 8th at 12:48pm ET. Short-term oscillators behave differently depending on the direction of the primary trend. In bull markets, prices are very sensitive to oversold conditions and quickly bounce. We... READ MORE
* Short-Term Indicators Behave Differently in Bull and Bear Markets * Three Charts to Watch for a Potential Bearish Scenario Short-Term Indicators Behave Differently in Bull and Bear Markets Short-term oscillators behave differently depending on the direction of the primary trend. In bull markets, prices are very sensitive to oversold conditions and... READ MORE
The monthly Market Roundup video for October is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Friday, September 27th at 1:25pm ET. Last week, I wrote that the short-term technical picture looked positive, but that I was watching three charts which would confirm a significant extension to the... READ MORE
* What's Happening with Last Week's Three Featured Charts * Short-Term Oscillators * Longer-Term Indicators are Mostly Bullish Last week, I wrote that the short-term technical picture looked positive, but that I was watching three charts which would confirm a significant extension to the bull market in the event... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Monday, September 16th at 6:04pm ET. First of all, Chart 4 features the NASDAQ bullish percentage. You can see how it has been gradually working its way lower since early 2018, having... READ MORE
* High Velocity of Short-Term Indicators Indicate Higher Prices * Three Charts to Monitor for More Upside Potential High Velocity of Short-Term Indicators Indicate Higher Prices A couple of weeks ago, I cited some short-term indicators for the US stock market that struck me as being bullish. Several of these are now... READ MORE
* Long-Term Commodity Technicals are Finely Balanced * Gold Leads Commodities * Commodities Rise and Fall with Confidence * Short-Term Technicals are Encouraging * Platinum Breaking Out Commodities have been losing ground recently, but the latest data suggest that they may be in the process of turning around. If so, that could be important for... READ MORE
The monthly Market Roundup video for September is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
* Breadth Acting Positively * Four Short-Term Indicators Turn Bullish * Stocks Could Be Breaking Against Gold The mood on Wall Street is turning ever more cautious as the economic numbers continue to soften. We need to remember, though, that the stock market is a forward-looking indicator, as it looks through the foggy... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Wednesday, August 27th at 4:15pm ET. One simple and very much overlooked technique for trend identification is to observe whether the price of a security is experiencing a series of rising peaks... READ MORE
* Support Holds in an Oversold Market * Most Sectors Still Experiencing Rising Peaks and Troughs Last week, I pointed out that the stock market faced a challenge at its recent lows. This was because I saw that a breach of the solid red trend lines in Charts 1 and 2 would... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Wednesday, August 21st at 9:36pm ET. During my many decades in this business, I have never heard of a recession so well-advertised as the one we are witnessing currently. It's... READ MORE
* Trick or Treat for Global Equities? * Several Reliable US Short-Term Indicators Turning Bullish During my many decades in this business, I have never heard of a recession so well-advertised as the one we are witnessing currently. It's a fact that financial market events that are widely expected rarely... READ MORE